OBELA Analysis

The European Union has trade agreements with over 100 countries. It hopes to sign 50 additional agreements in the coming years. Meanwhile, the EU–US trade agreement promoted by Trump in July 2025 has been suspended. This is due to Trump’s tariff announcements after the agreement, the Supreme Court’s ruling on tariffs, and the threat to annex Greenland.

In an increasingly digitalised world, Central Bank Digital Currencies (CBDCs) are emerging as one of the most significant developments in the evolution of the international monetary system, which will define the future of money and foreign exchange markets. Globally, countries have developed their own CBDCs or are in the process of doing so.

The beginning of 2026 was marked by uncertainty regarding the impact of the United States' unilateral tariffs on the so-called "rebel states." This approach disregarded all current international trade agreements. Later, on 20 February 2026, the Supreme Court rejected the President’s actions, highlighting the conflict between national policy and international obligations.